We all create bucket lists — a list of those exotic locations we want to visit or those over-the-top activities we want to try. There is also a financial bucket list — a list of those financial documents or activities that should be completed before we die. This bucket list is designed for the person you leave behind rather than for yourself. By completing this list, your survivor should be in a better position to handle your final affairs.
Here are some of the best bucket list items.
Make a will.
You may not think that there is much that you’ll leave behind when you die, but that may not be the case. If you have property, like a house or furniture or even your car, you will be leaving behind something.
Telling someone that they should get the asset is not the same as making your wishes known in writing. Without a will, the court must follow a predetermined procedure and the person you feel is most deserving may end up with nothing.
A good will does not have to be extensive, but it should be legally binding. It is worth seeing a lawyer to make sure that your final intent is carried out properly
Create a medical directive.
Creating a medical directive can be done while your will is made. It is a simple document that lists how much medical treatment you want in case of a terminal illness or injury. Keep in mind that a person must be appointed to execute your directive, so it would be a wise idea to talk to that person before designating him or her.
Verify your insurance, retirement plan beneficiaries.
Times change and our families change.
There may be a remarriage or children who were born after the insurance was purchased. It is important to review your beneficiaries and ensure that you have included everyone who should be included.
Make a contingent beneficiary as well, just in case your primary beneficiary predeceases you.
Leave a list of passwords.
You can make sure that your family knows where to find a list of your passwords. Whether they are in the family Bible or planted under the oak tree in the backyard, you need to make sure that someone — typically your spouse or executor of your will —knows where to find your passwords.
</…….
Source: https://news.yahoo.com/complete-financial-bucket-list-personal-130026686.html